According to Zacks, “Huntsman Corporation is among the world’s largest global manufacturers of differentiated and commodity chemical products for a variety of industrial and consumer applications. “
Several other research firms also recently commented on HUN. Citigroup Inc. lifted their price objective on Huntsman Corp. from $16.00 to $17.00 and gave the stock a neutral rating in a report on Friday, July 15th. Jefferies Group reiterated a buy rating and issued a $20.00 price objective on shares of Huntsman Corp. in a report on Tuesday, September 20th. Finally, Nomura reiterated a buy rating on shares of Huntsman Corp. in a report on Tuesday, July 12th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $16.43.
Shares of Huntsman Corp. (NYSE:HUN) opened at 16.27 on Wednesday. The stock has a 50 day moving average price of $16.26 and a 200 day moving average price of $15.06. The firm has a market cap of $3.87 billion, a PE ratio of 19.42 and a beta of 2.65. Huntsman Corp. has a 52 week low of $7.46 and a 52 week high of $18.12.
Huntsman Corp. (NYSE:HUN) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.53 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. Huntsman Corp. had a return on equity of 26.60% and a net margin of 2.05%. The firm earned $2.54 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue was down 7.2% compared to the same quarter last year. Equities analysts expect that Huntsman Corp. will post $1.68 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were issued a dividend of $0.125 per share. The ex-dividend date was Tuesday, September 13th. This represents a $0.50 dividend on an annualized basis and a yield of 3.07%. Huntsman Corp.’s dividend payout ratio is presently 59.52%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Huntsman Corp. by 3.2% in the second quarter. Vanguard Group Inc. now owns 15,728,178 shares of the company’s stock worth $211,544,000 after buying an additional 487,666 shares in the last quarter. Scopia Capital Management LP increased its position in Huntsman Corp. by 39.7% in the first quarter. Scopia Capital Management LP now owns 14,807,467 shares of the company’s stock worth $196,939,000 after buying an additional 4,210,142 shares during the period. LSV Asset Management increased its position in Huntsman Corp. by 5.9% in the second quarter. LSV Asset Management now owns 9,925,708 shares of the company’s stock worth $133,500,000 after buying an additional 548,633 shares during the period. Dimensional Fund Advisors LP increased its position in Huntsman Corp. by 21.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,664,012 shares of the company’s stock worth $76,183,000 after buying an additional 996,648 shares during the period. Finally, BlackRock Fund Advisors increased its position in Huntsman Corp. by 7.2% in the second quarter. BlackRock Fund Advisors now owns 5,660,286 shares of the company’s stock worth $76,131,000 after buying an additional 381,874 shares during the period. Institutional investors own 67.25% of the company’s stock.
About Huntsman Corp.
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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